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Features traditionally associated with cash structures are being added to synthetic collateralized debt obligations in order to attract mezzanine-level cash investors.

As Asian end users pick up speed, there has been growing demand in the region for equity documentation designed for clients.

Increasing competition in the U.S. structured equity investments business could prove the necessary spark to set it on a level playing field with Europe and Asia.

Issuance of constant proportion debt obligations is expected by some officials to pickup in the first quarter of next year and credit derivative market participants forecast the product to stick.

Firms such as Deutsche Bank, Merrill Lynch and ABN AMRO want to expand credit origination and sales next year by 20% and that is feeding speculation about remuneration topping this year's bumper round.

Feedback is being gathered on possible documentation for dividend swaps in the U.S. and Europe.

Hong Kong scored a number of office expansions and new bases this year, seeming to take it in to the lead in the perennial race with rival trading hub Singapore.

Firms in Asia this year have put together independent hybrid structuring desks, responding to appetite among regional investors for higher-yielding sophisticated investments.

Increased trading at different maturities across the CDX and iTraxx corporate credit indices this year has for the first time created a smooth curve.